lump sum payment |
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Definition
Single large payment made all at once, in lieu of several smaller payments made at regular or infrequent intervals.
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lump sum payment is in the Accounting & Auditing and Banking, Commerce & Finance subjects.
lump sum payment appears in the definitions of the following terms: ex gratia payment, accelerated option, deposit administration contract, annuity consideration, immediate annuity, deferred compensation plan, indivisible contract, term bond and bullet loan
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